{
    "ok": true,
    "_meta": {
        "isin": "FR0013346681",
        "asset_scope": "UK_COMPLEX_ASSET",
        "policy_mode": "strict",
        "policy_mode_description": "Any material derivative, swap, synthetic, complex underlying, structured payoff, roll-cost, leverage, inverse, or PRIIPs warning signal can drive complex classification.",
        "classification_engine_version": "1.0.0",
        "prompt_version": "complex_asset_extract_v1",
        "captured_at_utc": "2026-07-13T15:55:25+00:00",
        "captured_unix": 1783958125
    },
    "classification": "complex",
    "confidence": 0.88,
    "review_required": false,
    "decision_rule_applied": "strict_etf_swap_complex_rule",
    "product_policy_branch": "ETF",
    "fund_name": "AMUNDI PEA EURO Court Terme UCITS ETF - Acc",
    "isin": "FR0013346681",
    "type": "ETF",
    "ucits": true,
    "asset_class": "Fixed Income / Money Market",
    "replication_method": "synthetic",
    "signals": {
        "leveraged": false,
        "inverse": false,
        "derivatives_mentioned": true,
        "derivatives_core_strategy": true,
        "derivatives_epm_only": false,
        "swaps": true,
        "funded_swap": false,
        "unfunded_swap": false,
        "synthetic_replication": true,
        "counterparty_risk": true,
        "structured_payoff": false,
        "capital_protection": false,
        "commodity_futures_roll": false,
        "contango_backwardation": false,
        "coco_or_at1_exposure": false,
        "clo_exposure": false,
        "complex_index": false,
        "priips_comprehension_alert": false,
        "securities_lending": false,
        "illiquid_or_hard_to_value_underlying": false,
        "physical_allocated_commodity": false,
        "crypto_digital_asset": false
    },
    "complex_factors": [
        "Swap usage"
    ],
    "non_complex_factors": [
        "UCITS fund",
        "No leverage identified",
        "No inverse exposure identified"
    ],
    "consumer_understanding": {
        "risk_level": "elevated",
        "drivers": [
            "Synthetic or swap-based exposure",
            "Counterparty exposure may be relevant to returns or risk",
            "Derivatives appear core to the investment strategy",
            "Counterparty risk language identified",
            "Fixed income credit and duration risk"
        ],
        "plain_english_explanation": "The product appears to use synthetic or swap-based exposure. This may be difficult for ordinary retail clients to understand because returns can depend not only on the referenced market exposure but also on derivative mechanics, collateral arrangements and counterparty risk.",
        "appropriateness_note": "This is a product-level indicator of features that may affect general investor understanding. It does not determine whether the product is appropriate for a specific client and does not replace a client-specific appropriateness assessment."
    },
    "supporting_evidence": [
        {
            "source": "KIID",
            "signal": "derivatives_core_strategy",
            "quote": "The Fund aims to achieve its objective through indirect replication, namely by entering into one or more over-the-counter total return swaps (financial derivative instruments, or 'FDI')."
        },
        {
            "source": "KIID",
            "signal": "swaps",
            "quote": "the Fund aims to achieve its objective through indirect replication, namely by entering into one or more over-the-counter total return swaps (financial derivative instruments, or 'FDI')."
        },
        {
            "source": "KIID",
            "signal": "synthetic_replication",
            "quote": "The Fund aims to achieve its objective through indirect replication, namely by entering into one or more over-the-counter total return swaps (financial derivative instruments, or 'FDI')."
        },
        {
            "source": "KIID",
            "signal": "counterparty_risk",
            "quote": "The Fund is exposed to the risk of insolvency or other types of default of any counterparty with which it enters into an agreement or transaction, particularly in the case of financial derivative instruments traded over the counter or securities delivered under securities financing transactions."
        },
        {
            "source": "PRIIPS_KID",
            "signal": "swaps",
            "quote": "The Sub-fund aims to achieve its objective by means of indirect replication, namely by entering into one or more OTC swaps (forward financial instruments, 'FFIs')."
        },
        {
            "source": "PRIIPS_KID",
            "signal": "synthetic_replication",
            "quote": "The Sub-fund aims to achieve its objective by means of indirect replication, namely by entering into one or more OTC swaps (forward financial instruments, 'FFIs')."
        }
    ],
    "supporting_data": "ETF has evidenced core or synthetic swap usage. Policy mode: strict. Product type: ETF. UCITS signal identified. Replication method: synthetic.",
    "missing_data": [
        "factsheet",
        "funded_swap",
        "unfunded_swap"
    ],
    "warnings": [
        "counterparty_risk_language_identified"
    ],
    "sources": {
        "kiid": {
            "url": "https://oppl.ai/apy/doc_store/FR0013346681_KIID.txt",
            "found": true,
            "http_code": 200,
            "bytes": 9694,
            "error": null
        },
        "priips_kid": {
            "url": "https://oppl.ai/eu_kiids/en_txt/FR0013346681.txt",
            "found": true,
            "http_code": 200,
            "bytes": 14485,
            "error": null
        },
        "factsheet": {
            "url": "https://oppl.ai/apy/doc_store/FR0013346681_FS.txt",
            "found": false,
            "http_code": 404,
            "bytes": 1251,
            "error": "http_404"
        },
        "market_data": {
            "url": "https://api.londonstockexchange.com/api/gw/lse/search/autocomplete?q=FR0013346681&size=3",
            "found": true,
            "http_code": 200,
            "bytes": 61,
            "error": null
        }
    }
}
